Al-Jouf Agricultural secures SAR 80M loan from SIDF
In a statement to Tadawul, the company said that the loan has a two-year term. It is fully guaranteed by a promissory note and a mortgage for the assets of Al-Jouf's olive oil and pickles factory.
Al-Jouf will use the loan to finance working capital.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
6 minutes ago
- Arab News
26 workshops to boost nonprofit efficiency in KSA
RIYADH: The Ministry of Environment, Water and Agriculture has launched an empowerment program for nonprofit organizations, offering 26 specialized workshops across 11 regions of the Kingdom. The program aims to enhance civil associations' operational efficiency and strengthen their developmental role in line with Vision 2030, according to a Saudi Press Agency report. The ministry said that eight workshops will be held in Riyadh, eight in the Eastern Province and Makkah region, and four in Madinah and Asir. Additionally, six workshops will take place in Tabuk, Qassim, Jazan, Hail, Jouf, and Northern Borders, ensuring broad access for nonprofit organizations. The workshops will cover key topics such as establishing foundations and civil associations, partnership building, marketing, strategic planning, governance, financial sustainability, and promoting professional volunteering. Through these sessions, the ministry aims to boost the skills of nonprofit sector workers, contributing to greater social impact and sustainability. For inquiries, contact via email at or call the unified number 939.
Arab News
6 minutes ago
- Arab News
Heritage comes alive at Raghadan Historical Market in Baha
RIYADH: The Raghadan Historical Market in Baha has opened with a lineup of vibrant cultural and entertainment programs under the auspices of Prince Hussam bin Saud bin Abdulaziz, the region's governor, according to the Saudi Press Agency. Running daily from 4 p.m. to 10 p.m., the market features folk performances, historical artifacts, and programs portraying traditional life in the region. Visitors can also enjoy artistic showcases, Arabic calligraphy, photography exhibits, children's activities, and family-friendly competitions. A key focus of the event is the participation of families involved in the production of handmade crafts and traditional products. Local food and drinks are also on offer. The 17th International Honey Festival at Raghadan Forest Park achieved strong commercial results, with over 8 tonnes of honey sold and sales surpassing SR1.5 million ($400,000). The market serves as a platform for cultural exchange, promotes heritage tourism, and positions Baha as a year-round cultural destination, the SPA reported. Meanwhile, the 17th International Honey Festival has concluded at Raghadan Forest Park. It attracted 50,000 visitors and featured 34 beekeepers from across the Kingdom showcasing a wide array of products. Organized by the Ministry of Environment, Water and Agriculture, the event spotlighted the biodiversity of bees in the region and the high quality of local honey. The festival achieved strong commercial results, with over 8 tonnes of honey sold and sales surpassing SR1.5 million ($400,000). It also reinforced the ministry's efforts to develop rural economies, encourage investment, and support the agricultural sector, the SPA reported.
Arab News
3 hours ago
- Arab News
Spotify to raise premium subscription price in MENA, other select markets from September
LONDON: Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, including the Middle East, as the Swedish streaming giant looks to improve margins. The company's shares jumped nearly 8 percent. They have gained about 40 percent so far this year. As well as the Middle East, the subscription price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. The company saw an increase in monthly active users and premium subscribers during the second quarter, while higher taxes related to employee salaries led it to post a loss during the period and weighed on its third-quarter profit forecast. Spotify has been expanding its library of video content to attract subscribers, including through its partner program, which is designed to help podcast creators by offering them monetization options. A growing number of creators are joining the Spotify Partner Program, resulting in a significant increase in video content on the platform, CEO Daniel Ek had earlier told Reuters. The streaming company is also benefiting from Apple's approval of its US app update to show subscription prices and external payment links, after a judge barred the iPhone maker from charging commission on off-app purchases. Ek said this change has led to 'a very positive uptick' in the US If similar rules are adopted in Europe and the UK, it would benefit both Spotify and other app developers.
